Top News
Artificial Intelligence Companies Drive Office Leasing in San Francisco
Commercial Real Estate Direct Staff Report Artificial intelligence companies continue to benefit San Francisco's office market. During the first quarter, the city's office market logged 3.5 million square feet of leasing activity, according to Colliers. That was up from the...
Scale Lends $108Mln for Conversion of Manhattan Office into Apartments
Commercial Observer Scale Lending has provided $108 million of financing to fund the conversion of the 297,703-square-foot office property at 770 Second Ave. in Manhattan into 140 apartment units. The property, in the borough's Murray Hill section, is owned by...
Dwight Capital Originates $27Mln HUD Loan for Texas Apartments
Dwight Capital has provided $27 million of financing under the U.S. Department of Housing and Urban Development's 241(a) program for the 104-unit second phase of the Ventana at Canyon West apartment property in Lubbock, Texas. The property - its first...
Digital Realty Raises $3.25Bln for Data Center Fund
Digital Realty Trust Inc. has raised $3.25 billion of equity commitments for its first-ever commingled investment fund that specifically targets data centers. The fund, Digital Realty DC Partners NA Fund, which was launched early last year, has acquired an...
Office Property in Manhattan’s Hudson Square Area Hits the Sales Block
The Real Deal Mark Epstein has tapped Newmark has been hired to market for sale the 60,000-square-foot office property at 515 Greenwich St. in the Hudson Square area of Manhattan. The property, which includes air rights, could potentially be converted...
Golub Recaps Chicago Apartments in $64.7Mln Deal
Crain’s Chicago Business Golub & Co. has recapitalized Century Tower, a 293-unit apartment property in Chicago, in a deal that values the property at $64.7 million, or $220,819/unit. The Chicago developer brought in EOS Residential Investors as a new...
Principal Offers Distressed $140Mln Loan on Washington, D.C., Office
Principal Asset Management is offering for sale the $140 million loan against the 306,000-square-foot 700 Sixth St. NW office building in Washington, D.C. The nonperforming loan is being offered through JLL Capital Markets. The property is owned by Affinius...
Construction of 120-Unit Apartment Property Near Columbus, Ohio, Gets Underway
Multi-Housing News Stark Enterprises will break ground soon on Lock Pointe Village, a 120-unit apartment property in Canal Winchester, Ohio. The Cleveland developer is building the property at 6700 Nathan Drive, about 13 miles southeast of Columbus, Ohio....
CMBS Loan Against Bridgewater Commons Mall Gets Paid Down, Extended
Commercial Real Estate Direct Staff Report The $287.72 million CMBS loan against the Bridgewater Commons shopping mall in northern New Jersey has been paid down to $238.88 million, facilitating its extension through November. The loan, with an original balance...
Suburban Chicago Office Sells for Half Its 2015 Price
Commercial Real Estate Direct Staff Report MetroWest, a 207,714-square-foot office property in the Chicago suburb of Naperville, Ill., has been sold for $16.1 million, or $77.51/sf - 50.5% less than its sales price 11 years ago. Real Capital Solutions...
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